Thai industrial sentiment has seen a promising uptick for the second month in a row, achieving its highest mark in eight months, fueled by robust exports and a revitalized tourism sector, as reported by the Federation of Thai Industries (FTI) on Wednesday.
The industrial sentiment index climbed to 91.4 in November, up from 89.1 in October, signifying a positivity driven by these key growth sectors.
Additional momentum was provided by an influx of year-end orders and increased government spending, according to an FTI statement. The federation projects that continued economic measures by the government will bolster Thailand, Southeast Asia’s second-largest economy, heading into the first quarter of 2025.
Conversely, the outlook index forecasting sentiment for the next three months edged lower to 96.7 in November, compared to 98.4 the previous month. This dip reflects apprehensions about U.S. trade policy shifts, geopolitical tensions, and domestic government plans to hike the minimum wage to 400 baht, the FTI noted.
